Australia’s Tapit Raises $2.4 Million Series A Round

Israeli venture capitalist and the founder of New York-listed mobile software company Vringo Inc. Jon Medved is one of a handful of investors behind Sydney-based startup Tapit‘s 2.3 million Australian dollar (US$2.4 million) Series A raising.

Relationships provided by Mr. Medved’s crowdfunding vehicle ourcrowd.com and Monash Private Capital subsidiary MPC Ventures will help near field communications specialist Tapit to expand into markets such as Israel, South Africa, Mexico and India. The startup’s technology allows individuals to download information and transact by tapping their phones on objects like outdoor advertising, product packaging or shop windows.

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